Cubist Systematic Strategies LLC Has $449,000 Holdings in Centerra Gold Inc. (NYSE:CGAU)

Cubist Systematic Strategies LLC reduced its stake in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) by 64.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 66,836 shares of the company's stock after selling 119,805 shares during the period. Cubist Systematic Strategies LLC's holdings in Centerra Gold were worth $449,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC increased its stake in Centerra Gold by 12.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,384 shares of the company's stock valued at $96,000 after buying an additional 1,573 shares during the last quarter. Virtu Financial LLC acquired a new position in Centerra Gold during the first quarter valued at approximately $113,000. DekaBank Deutsche Girozentrale bought a new position in Centerra Gold in the second quarter valued at approximately $131,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Centerra Gold during the 2nd quarter worth approximately $154,000. Finally, Artemis Investment Management LLP acquired a new stake in shares of Centerra Gold in the 2nd quarter valued at approximately $268,000. Institutional investors own 55.40% of the company's stock.

Centerra Gold Price Performance

CGAU traded down $0.10 during trading on Friday, hitting $7.13. The stock had a trading volume of 568,296 shares, compared to its average volume of 615,595. The company has a 50 day moving average price of $6.95 and a 200-day moving average price of $6.68. Centerra Gold Inc. has a one year low of $4.47 and a one year high of $7.82. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 26.41 and a beta of 0.98.

Centerra Gold (NYSE:CGAU - Get Free Report) last announced its earnings results on Thursday, August 1st. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.07. Centerra Gold had a net margin of 10.68% and a return on equity of 10.72%. The company had revenue of $282.31 million during the quarter. During the same period in the previous year, the firm posted ($0.20) EPS. As a group, sell-side analysts predict that Centerra Gold Inc. will post 0.82 EPS for the current fiscal year.

Centerra Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.051 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.20 dividend on an annualized basis and a yield of 2.86%. Centerra Gold's dividend payout ratio (DPR) is presently 74.07%.

Analyst Ratings Changes

CGAU has been the subject of a number of recent analyst reports. Cibc World Mkts cut shares of Centerra Gold from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 10th. CIBC reiterated a "neutral" rating and set a $13.00 price target (up previously from $11.00) on shares of Centerra Gold in a report on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $11.00.

About Centerra Gold

Centerra Gold Inc, a gold mining company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Turkey, and internationally. The company explores for gold, copper, and molybdenum deposits. Its flagship projects are the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt gold mine located in Turkey.